Choosing the right car insurance is an important process.
In 2013, the average collision claim was $3,144. Without car insurance, you could be responsible for paying that amount out of pocket. Could you afford that? But it’s not enough to just go out and grab the cheapest policy you can find. Cheap doesn’t always equal affordable since with lower-priced policies you could end up paying more after an accident.
So, how do you pick the right car insurance for your situation? We’ve got some tips to help you get started.
Check Your State’s Minimum Requirements
We aren’t saying to go with the minimum amount you need, but we are saying this is a good place to start. Every state has different requirements and most basic requirements include liability insurance.
The most important thing to remember is that driving without insurance is illegal in most states. Whether it’s legal or not, going uninsured leaves you financially vulnerable and leaves you open to bigger costs in the long run.
Think About Your Deductible
Before you start shopping, have a good idea of how much of a deductible you can afford.
Your insurance deductible will directly affect how much you get paid in a claim. You can save a lot of money in costs if you have a higher deductible but this may not be something you think you could afford if the need arises. It’s all about using the right strategy which means talking to potential agents.
Once you have an idea of what you’re looking for, you’ll want to shop around and see what options are available. While many articles will advise you to make sure you’re getting the best rate, this isn’t the only thing you should be looking for. You want to best rate for what you need.
Online comparison tools offer a quick look at common rates but for a more personalized quote, you’re going to need to talk to an agent about what you need.
Ask About Discounts
Once you start talking to agents, don’t be afraid to ask for, and take advantage of, all the discounts that could be available to you.
There are different discounts based on different situations. If you are considered a lower risk driver, you could qualify more discounts. This could mean you’re older, married, or have a safe driving record.
You could also save if you have anti-theft devices on your car or if you bundle home and auto insurance. These are also questions you should ask the various agents you speak to before choosing a policy.
Other possible discounts include:
- Low mileage
- Winter storage discounts
- Green car – environmentally friendly discounts
- Retiree discounts
- Student or student away at school discounts
Choose the Right Agency
Choosing an insurance policy is an important decision and so is choosing the person that will help you manage your insurance. The right agent will understand your individual situation and find the best policy to save you money. If you find an agent you can stick with, they will be there when your situation changes and will be able to help you adjust your policy accordingly. A new car might get one rate but when it’s not new anymore, what happens?To find the right agent you can ask around to friends and family, perform interviews, and check into their background.
If you’re not sure which policy is right for you, give us a call. With nearly 60 years of experience as your local, independent insurance agency, you can trust the Holt & Dimondale Agency to find the best products to fit your insurance needs.